Bitcoin to fall to $62800 and lower overnight

Just entered bitcoin short.

I anticipated it'll broke back bearish on the 1hr and 4hr tf which are currently bullish.

Weekly and daily is bearish.

Might still be able to get 2 RR if just seeing this.

Trade active

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Just cut initial position and reposition with higher stop. The bigger RR will cover position that got cut plus offer wider stop protection just in case this is a spike

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Got stopped overnight. Decided to enter long

Tp $66000 with potential early close @ $65350

Trade active

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Back to waiting. Price did reach TP 1 potential early close but I anticipated a body close above $65350 area at least so held the trade. Its either this is just a whipsaw play or we gonna push to break back below $62900 area to break bullish structure on the 1hr. Am wait to see what's up

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Decided to flip back short....lets see

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New Gameplan is to take profit at $62300, where it would shift back bearish on the structure. Then wait for another correction and short it again.

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Or alternatively. IF you guys following along on the #bitcoin trade.

Can just hold until $60000 for 5RR- weekly and daily is bearish so momentum is to the downside strongly... and more so once we break and close below $62900 area aligning back the 1hr and 4hr structures bearishly with higher timeframe

So can do that instead of jumping in and out, it's unlikely that it will come back to entry/stop area today unless we get some surprise news.

The call is yours. Am gonna head on the road for about an hr so am gonna leave my tp open.

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Closed short. Plan to re enter later on after small correction hopefully . I think I can get more RR out of the trade compared to just holding from my prior entry.

Filnft

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Filnft

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